JEDDAH: 抖阴短视频鈥檚 Ministry of Finance denied on Monday reports that it was planning to impose fees on the remittances of foreign workers.
The ministry said it was committed to supporting the free movement of capital through official channels in accordance with international standards and practices.
The statement was issued in response to 鈥渂aseless and unfounded reports鈥� by some media outlets.
The Kingdom is home to more than 10 million foreign workers who in 2017 sent almost $38 billion to their home countries.
The ministry said keeping the remittances free of fees 鈥渨ill also enhance foreign investors鈥� confidence in the Kingdom鈥檚 economy and financial systems.鈥�
The ministry said it had already denied rumors of charging expats for their remittances in January 2017.